GEEREF had invested in 12 funds across Africa, Asia, Latin America and the Caribbean as of December 2016.

A PUBLIC-PRIVATE PARTNERSHIP

GEEREF was structured to catalyse private sector investments into funds and underlying projects by leveraging the public sector seed contributions:

GEEREF was initiated by the European Commission in 2006(1) and launched in 2008 with funding from the European Union(2), Germany and Norway, totalling € 112 million.

GEEREF successfully concluded its fundraising from private sector investors on May 2015, which brought the total funds under management to € 222 million.

GEEREF invests in private equity funds which, in turn, invest in private sector projects, thereby further enhancing the leveraging effect of GEEREF's investments. It is estimated that, with € 222 million of funds under management, over € 10 billion could be mobilised through the funds in which GEEREF participates and the final projects in which these funds invest.